Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Ecosystem Builder For Cardano AdaSwap Launches IDO On Cardstarter

CryptocurrencyDec 15, 2021 04:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Ecosystem Builder For Cardano AdaSwap Launches IDO On Cardstarter

AdaSwap, an ecosystem builder that will establish the first decentralized exchange on the Cardano network, is launching a token sale on Cardstarter to raise funds from supportive investors and drive sustainable growth of its platform.

AdaSwap is allocating 80 million ASW tokens priced at $0.005 each for the sale as it seeks to raise a total of $400,000. The allocation will be vested in one installment, with 50% released at TGE and 50% one month later.

The fund raise is intended to help AdaSwap deliver on its ambition of building the first DEX on Cardano, one of the most popular blockchain projects for decentralized application developers. Cardano’s native token ADA is currently 6th cryptocurrency by market cap, yet despite this it lacks a native DEX or DeFi ecosystem, meaning users must rely on centralized exchanges to buy, sell and swap the tokens.

AdaSwap will solve this by creating a native and gamified DEX for the Cardano network that will serve as a platform for users to easily swap Cardano-based tokens. In addition, AdaSwap will fashion a native NFT marketplace, and fixed, long-term, high-yield liquidity pools. With these applications, AdaSwap users will be able to stake tokens, buy and sell NFT artwork and earn high interest on their investments. In order to build a better financial system, AdaSwap will stop focusing on higher liquidity locks, and start focusing on what really matters: users

AdaSwap possesses a first-mover advantage on Cardano, enabling it to create a micro-ecosystem that will help the world develop and use the Cardano Blockchain.

The AdaSwap (ASW) token is the native cryptocurrency of the AdaSwap platform that will be used to power various functions within the Cardano ecosystem. ASW tokens are a Cardano-native token, making them easily interchangeable with all other Cardano-based tokens. ASW token holders will be able to swap tokens on the AdaSwap DEX, leverage arbitrage opportunities in real-time and save on transaction fees via a Free Financial Model where no participation or transaction fees are applied.

“In order for the potential of the Cardano ecosystem to be realized, concrete realities must be brought into alignment with the Cardano ethos. It is incumbent on all those who share this ethos to extend our support to the builders, creators, and projects working to lay down the infrastructure of decentralized finance on Cardano. I believe that ADAswap has an important role to play in this regard. The ecosystem is rapidly taking shape, and I am more confident than ever that the future of DeFi is bright, close at hand, and built on Cardano.” said Brandon Kazakoff, COO of Cardstarter.

ASW tokens have generated huge discussion on channels such as VoskCoin and Banter Capital, whipping up tremendous enthusiasm ahead of its launch on Cardstarter, a decentralized project accelerator that helps new projects launch IDO token sales on the Cardano blockchain.

With its goal of connecting early stage Cardano innovators to a community of donors, Cardstarter is an ideal launchpad for ASW. It allows investors to participate in low-risk opportunities to invest in projects built on the Cardano blockchain, backed by the Cardstarter insurance treasury.

"A launch pad is a very important starting point for the lifecycle of any project, it establishes the base for which strong beams must be built upon. At AdaSwap, we have chosen the best launchpad for the strongest of bases. We are really excited to be working with cardstarter inorder to bring AdaSwap to the world!," said Itay Levy, CEO of AdaSwap.

To participate in the sale, users should head over to AdaSwap website for more details. To participate in IDOs on Cardstarter, investors must first stake CARDS then register for the Live IDOs they wish to participate in.

Continue reading on DailyCoin

Ecosystem Builder For Cardano AdaSwap Launches IDO On Cardstarter
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email